Median Prices - January Thru September 2010

October 18, 2010

For those of you who are interested in tracking median prices during this year, I am posting them from January 2010 thru September 2010. I do always remind you that this data is not the result of economic analysis. It is simply derived from taking the total number of sales per month and dividing by 2. The price of the sold property at that halfway point is the price I select to report as the median for that month. The data comes from the sales reported though the IMRMLS.

Banning/Beaumont...... Jan/169,000......Feb/165,000......Mar/185,000......Apr/165,000

........................................May/185,000.....June/171,000......July/170,000.....Aug/170,000

........................................Sept/170,000

Bloomington..................Jan/135,000......Feb/110,000......Mar/150,000......Apr/150,000

.......................................May/155,000.....June/120,500.....July/129,000......Aug/145,000

.......................................Sept/145,000

Colton............................Jan/97,500.........Feb/125,000......Mar/100,000......Apr/128,000

.......................................May/130,000.....June/150,000....July/105,000......Aug/120,858

.......................................Sept/120,000

Fontana.........................Jan/190,000......Feb/200,000......Mar/200,000......Apr/215,000

.......................................May/200,000....June/213,000.....July/200,000......Aug/210,000

.......................................Sept/200,000

Grand Terrace.............Jan/236,000......Feb/199,900......Mar/249,900.......Apr/200,000

.......................................May/187,000.....June/182,500....July/190,000.......Aug/190,000

.......................................Sept/215,000

Highland.......................Jan/163,500.......Feb/150,000.....Mar/160,000.......Apr/162,000

......................................May/173,500......June/185,000....July/170,000.......Aug/161,000

......................................Sept/190,000

Loma Linda.................Jan/275,000.......Feb/240,000......Mar/175,000.......Apr/240,000

......................................May/203,200.....June/220,000....July/190,000.......Aug/215,000

......................................Sept/250,000

Mentone......................Jan/200,000......Feb/225,000......Mar/200,000......Apr/190,000

.....................................May/220,000.....June/78,000.......July/195,000.......Aug/112/156

.....................................Sept/159,900

Moreno Valley...........Jan/150,000.......Feb/149,000......Mar/150,000.......Apr/157,000

....................................May/163,000......June/160,000....July/150,000.......Aug/154,900

....................................Sept/159,000

Redlands....................Jan/210,000......Feb/207,000.......Mar/210,000.......Apr/227,000

....................................May/217,000.....June/221,000.....July/199,900........Aug/237,000

....................................Sept/213,000

Rialto..........................Jan/145,000......Feb/144,000.......Mar/155,000.......Apr/155,000

....................................May/164,901.....June/165,000.....July/150,000 Aug/158,000

....................................Sept/170,000

Riverside...................Jan/185,000......Feb/200,000......Mar/190,000.......Apr/190,000

...................................May/215,000.....June/200,000....July/190,000.......Aug/190,000

...................................Sept/200,000

San Bernardino.......Jan/95,000........Feb/92,000..........Mar/90,000.........Apr/110,000

..................................May/107,000.....June/113,000......July/107,000.......Aug/100,000

..................................Sept/100,000

Yucaipa/Calimesa...Jan/160,000......Feb/195,000......Mar/199,000........Apr/179,000

...................................May/209,750.....June/189,500....July/170,000........Aug/212,000

...................................Sept/211,500

There you have it. It seems to me that the data reflects a market that is trading in a fairly limited range. The data shows that the price points in the various communities are neither trending up nor trending down. Just bumping along as the market readjusts to new valuations.